REO | 24 Unit Multifamily Property

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Address: 503 W 169th St, New York, NY 10032, USA
New York & Tri-State
Created date: October 13, 2026
Date last updated: October 15, 2026
Price: $400,000Investment Analyzer NEW!

Auction Information:
Bidding opens: Monday, November 2, 2026, at 12:00 PM
Bidding closes: Wednesday, November 4, 2026 at 12:00 PM
Starting Bid: $400,000

  • ​Lender REO Sale
  • ​6-story, multifamily walk-up building in Washington Heights, Manhattan
  • ​24 residential units
  • ​21,102 sq ft building on a 5,079 sq ft lot
  • ​50 ft of frontage along West 169th Street
  • ​Short walk to the NewYork-Presbyterian/Columbia University Irving Medical Center campus
  • ​Direct subway access at 168th Street (A, C & 1)
  • ​Close to Highbridge Park and neighborhood retail along Broadway

Property Description

Property tours are available by appointment only.​ Please contact the listing broker to schedule a tour.​ 503 W 169th St, New York, NY 10032 presents a compelling value-add multifamily opportunity in the heart of Washington Heights, Manhattan.​ This 6-story walk-up apartment building contains 24 residential units and approximately 21,102 square feet on a 5,079 square foot lot, with 91% occupancy in place.​ Positioned along West 169th Street with 50 feet of frontage, the property benefits from strong neighborhood fundamentals and exceptional connectivity.​ Residents enjoy a short walk to NewYork-Presbyterian/Columbia University Irving Medical Center, convenient access to the 168th Street subway station (A, C & 1), and close proximity to Highbridge Park, Broadway retail, dining, and everyday services.​ Built in 1910 and zoned R7-2, this classic Manhattan multifamily asset offers investors the chance to acquire a well-located building in one of Upper Manhattan’s most established rental corridors.​ With scale, existing cash flow, and upside potential, this Lender REO sale is an excellent opportunity for buyers seeking long-term growth in a high-demand urban market.​
  • ​Non-Contingent
  • Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
  • ​Marketing Fee: 3% of the Winning Bid Amount
  • ​$10,000 Participation Deposit via Wire Deposit only
  • ​Subject To Seller Approval
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Broker Details

Greg Corbin
Greg Corbin

Northgate Real Estate Group 212-419-8103 MLS ID: 432759

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Key Property Information

Listing Status: Available
Listing Type: Auction
Price: $400,000
No. of Units: 24
Year Built: 1910
Building Size: 21,102 Sq ft
Lot Size: 5,079.00 Acres
No. of Stories: 6
Opportunity Zone: No
Price per unit: $16,667
Address: 503 W 169th St, New York, NY 10032, USA

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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